SECURITIES AND EXCHANGE COMMISSION
WASHINGTON DC 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of September 2006
National Australia Bank Limited
ACN 004 044 937
(Registrant’s Name)
Level 24
500 Bourke Street
MELBOURNE VICTORIA 3000
AUSTRALIA
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
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Form 20-F |
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Form 40-F |
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Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
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Yes |
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No |
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If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82
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Group Corporate Affairs 500 Bourke Street, Melbourne Victoria 3000 Australia www.nabgroup.com ABN 12 004 044 937 |
ASX Announcement
Friday 29 September 2006
National Australia Bank hybrid Tier 1 capital issue
Further to an announcement on 15 September 2006, National Australia Bank today announced an issue of Euro 400 million hybrid Tier 1 National Capital Instruments (“NCIs”).
The NCIs carry a floating distribution at a rate of 0.95% over 3 month EURIBOR, from 29 September 2006 up to but not including 29 September 2016 (the “Step-Up Date”), and from the Step-Up Date at a rate of 1.95% over 3 month EURIBOR. The perpetual securities are redeemable by the National on the occurrence of certain events, on the Step-Up Date and on any distribution payment date on the NCIs thereafter, subject to the prior written approval of APRA.
National Australia Bank Finance Director, Mr Michael Ullmer, said that the deal was supported by a large number of European institutional investors. This issue of Tier 1 securities provides the National with capital flexibility, and reinforces its relationships with this important investor base.
This issue of hybrid Tier 1 capital is consistent with the National’s objective of efficient capital management and is part of National’s ongoing capital management strategy. The proceeds from the Tier 1 issue will be used for general business purposes.
For further information:
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Brandon Phillips |
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Hany Messieh |
This statement does not constitute an offer of any securities for sale. The securities offered will not be registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.
SIGNATURE PAGE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorised.
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NATIONAL AUSTRALIA BANK LIMITED |
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Signature: |
/s/ Brendan T Case |
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Date: Ÿ29 September 2006 |
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Name: Brendan T Case |
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Title: Associate Company Secretary |
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